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This paper examines the ability of a simple stylized general equilibrium model that incorporates nominal wage rigidity to explain the magnitude and persistence of the Great Depression in the United States. The impulses to our analysis are money supply shocks. The Taylor contracts model is...
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The cutting edge of recent efforts to reshape monetary policy in many countries has been to impose a price target on the central bank. This paper examines such a policy in light of the Federal Reserve System's experience with money targeting from the late 1970s through the mid 1980s. The...
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Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago Wisconsin Bankers Association Madison, WI
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Remarks by Charles L. Evans, President and Chief Executive Officer, Federal Reserve Bank of Chicago Rockford Chamber of Commerce Rockford, IL
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